Meet the AI ‘pioneers’ behind Britain’s biggest infrastructure projects July 4, 2023 Businesses can benefit from artificial intelligence (AI) regulation creating “trusted brands”, the man using the technology to power the restoration of parliament – among other major infrastructure projects – has said. Rishi Sunak’s calls to regulate AI can benefit the industry, nPlan founder Dev Amratia has said, by allowing startups to position themselves as “safe, [...]
The Notebook: Grasp’s Richard Karlsson on M&A, AI and financial research July 4, 2023 Every day we hand the notebook keys to City movers and shakers. Today, it’s Richard Karlsson, CEO and Co-founder of Grasp, the Stockholm-headquartered startup behind the first AI assistant automating financial research Last week, Goldman Sachs lost its first-place M&A advisory ranking for the first time in five years. This provides a timely opportunity to [...]
We should teach with AI tools in schools so students learn how to use them ethically July 4, 2023 Artificial intelligence will soon become a staple of everyday life. So university students should learn how to use it, analyse it and critique it - exactly like they do with their peers, writes Amelia Peterson
Management consultants boosted by firms flocking to AI as revenues surpass £18bn July 3, 2023 Companies scrambling to unlock benefits from implementing artificial intelligence (AI) and digital tools into their business to steal a march on competitors has boosted UK management consultants’ income, a new report has found. Growing demand among firms for external experts lifted the UK management consultancy sector’s income to £18.6bn last year, up from £14.4bn in [...]
‘Lean in’ to artificial intelligence, education secretary urges firms June 29, 2023 Businesses need to “lean in” to the power of artificial intelligence (AI), education secretary Gillian Keegan has said. The education secretary told City A.M. indulging in fears about AI wiping out jobs and opportunities was unproductive. Asked whether she was concerned about the impact of the new technology such as ChatGPT and Bard altering or [...]
What we were able to change with the Financial Services and Markets Bill – part three June 29, 2023 Part three: Lord Holmes addresses his proposals on artificial intelligence that were not accepted by the Government.
Uhoh: Oxford study shows AI really can pick funds better than humans June 29, 2023 An Oxford University study suggests that artificial intelligence and machine learning can pick private equity funds that deliver above-average returns
Salesforce warns need to train workers in AI has ‘never been more urgent’ June 29, 2023 Companies urgently need to train staff how to use artificial intelligence tools effectively and safely, Salesforce’s UK & Ireland chief told City A.M. Chief executive Zahra Bahrololoumi said the need for “highly skilled people” who can use trustworthy data sources and protect sensitive data has “never been more clear nor urgent”. The comments come as [...]
Traditional media revenue streams won’t stand a chance in a race with AI June 29, 2023 If social media challenged the traditional advertising revenue of media organisations, artificial intelligence threatens to annihilate it, writes Dominic Young.
‘Get the companies under control!’: Microsoft president tells UK to get AI safety in order June 28, 2023 Microsoft president Brad Smith has reiterated that the UK needs to prioritise AI safety in its quest to become a global leader in new technologies. “Let’s get the companies under control”, Smith said, speaking at a packed Chatham House event on Wednesday afternoon, where he argued that a licensing regime is necessary on both a [...]